Categories

Most recent posts

  XML Feeds

Search

Archives for: February 2009

02/27/09

  04:20:45 pm, by MedBen5   , 164 words,  
Categories: Announcements, Discounts, Health Plan Management

MedBen Cost Containment Saves Clients Over $7 Million

The savings keep on coming! Since introducing new claims cost containment measures in September of 2007, MedBen has saved clients an additional $7.3 million as of February 2009 – over $2 million the past six months alone! This is savings produced… more »
  04:18:43 pm, by MedBen1   , 122 words,  
Categories: Announcements

Latest DOL Information on COBRA

The Department of Labor has released additional clarifications on the new COBRA Continuation Coverage Assistance portion of the American Recovery and Reinvestment Act of 2009. Go here for the additional information. What remains troubling is the… more »

02/25/09

  05:25:52 pm, by MedBen5   , 223 words,  
Categories: News, Health Plan Management

COBRA Subsidies May Increase Health Care Costs

A recent article from USA Today regarding the COBRA provisions in the stimulus package touches on a potential consequence of the measure: the generous employer subsidy will appeal most to less healthy individuals. As Tom Billet, senior benefits… more »

02/20/09

  01:50:09 pm, by MedBen5   , 97 words,  
Categories: News, Health Plan Management

American Recovery and Reinvestment Act: Benefit and Employment Provisions

On February 17, President Obama signed into law The American Recovery and Reinvestment Act of 2009 (ARRA). Among the many conditions contained in the $787 billion economic stimulus package are three specific provisions related to employee health benefit… more »
  01:36:42 pm, by MedBen5   , 376 words,  
Categories: News, Health Plan Management

ARRA Employee Health Benefit Plan Provisions: COBRA

The ARRA amends COBRA in several ways. First, eligible qualified beneficiaries (called “assistance eligible individuals” in the ARRA) can satisfy the payment of their COBRA continuation premium by paying 35% of the COBRA premium due. The… more »
  01:32:06 pm, by MedBen5   , 368 words,  
Categories: News, Health Plan Management

ARRA Employee Health Benefit Plan Provisions: HIPAA Privacy

The ARRA amends multiple provisions of the HIPAA Privacy and Security Rules, including, but not limited to, the following: Business Associate Liability and Contracting – The new rules apply the responsibility to, and liability for, appropriately… more »
  01:27:58 pm, by MedBen5   , 633 words,  
Categories: News, Health Plan Management

ARRA Employee Health Benefit Plan Provisions: Trade Act

The Trade Act of 2002 provides certain rights to individuals who had been determined to have lost their jobs due to foreign imports or competition (TAA Eligible Individuals). Among these rights were a credit against their federal taxes of 65% of amounts… more »
  01:02:51 pm, by MedBen5   , 104 words,  
Categories: News, Health Plan Management

ARRA Employment Provisions: Work Opportunity Tax Credit (WOTC)

Currently, tax credit is available to employers who electively hire individuals from one or more of nine targeted groups. The amount of credit available to the employer is dependent upon the amount of qualified wages paid by the employer. If you are an… more »
  01:00:45 pm, by MedBen5   , 49 words,  
Categories: News, Health Plan Management

ARRA Employment Provisions: H-1B Visas

ARRA prohibits any employer receiving Troubled Assets Relief Program (TARP) funds or certain federal loans from obtaining H-1B Visas for two years unless they have made a good faith effort to recruit and employ United States citizens for the job for… more »

02/18/09

  03:49:02 pm, by MedBen1   , 38 words,  
Categories: Announcements, News

Dean to head HHS? Don't count on it

The Wall Street Journal Health Blog discounts rumours that former Governor and Democratic National Committee Chairman, Howard Dean will be tapped to run Health and Human Services. Kansas Governor, Kathleen Sebelius remains the front-runner. Read the… more »
  02:01:46 pm, by MedBen1   , 48 words,  
Categories: Announcements

MedBen Blog Upgrade

MedBen Blog will be down on Thursday morning between 7:00 a.m. and 9:00 a.m. EST for an upgrade that will allow us greater flexibility in providing useful, actionable information to clients. Keep coming back to MedBen Blog for the latest in plan… more »

02/17/09

  04:01:55 pm, by MedBen1   , 185 words,  
Categories: Prescription, Discounts, Health Plan Management

Generic Drug Use Hits New High - MedBen Clients Beat Average

Generic drug use in pharmacy benefit plans reached an average of 60.4% in 2008 according to the Takeda Prescription Drug Benefit Cost and Plan Design Report, 2008-2009 edition. MedBen clients experienced generic drug use averaging nearly 10% greater… more »

02/13/09

  01:26:12 pm, by MedBen5   , 384 words,  
Categories: News, Health Plan Management

Combined Stimulus Bill Calls for Substantial Employer COBRA Subsidies

A follow-up to our earlier article on COBRA provisions in the “American Recovery and Reinvestment Act", aka the stimulus plan: The negotiated House and Senate bill keeps the House’s proposed premium subsidy but reduces the length of… more »

02/11/09

  04:34:45 pm, by MedBen5   , 265 words,  
Categories: News, Health Plan Management

Stimulus Bill May Adversely Affect Employer COBRA Costs

Stimulus bills approved by the Senate and House of Representatives are currently winding their way through final Congressional negotiations en route to President Obama’s desk for approval. While many of the bills’ features have been… more »

02/10/09

  04:40:44 pm, by MedBen5   , 286 words,  
Categories: Wellness, Health Plan Management

The Truth Behind Routine Cancer Screenings

“Why should I bother with a cancer screening? After all, I feel fine and I take care of myself. So why should I spend money when I don’t need to?” So goes the common wisdom about routine cancer screenings – when the odds are in my… more »

02/04/09

  05:24:43 pm, by MedBen5   , 227 words,  
Categories: Prescription, Discounts, Health Plan Management

Breaking Down Drug Costs

Just how do pharmaceutical companies price their products? As this article in the Employee Benefit News reveals, it doesn’t happen in a vacuum, and it involves quite a bit of number-crunching. Multiple considerations go into the drug pricing… more »